Sequential Brands Group, Inc. (NASDAQ:SQBG) went up by 9.80% from its latest closing price when compared to the 1-year high value of $0.64 and move down -190.91%, while SQBG stocks collected -1.61% of loss with the last five trading sessions. Press Release reported on 05/18/20 that Sequential Brands Group Changes Its Annual Stockholders Meeting to a Virtual Format
Sequential Brands Group, Inc. (NASDAQ:SQBG) Worth an Investment?
Sequential Brands Group, Inc. (NASDAQ: SQBG) The 36 Months beta value for SQBG stocks is at 0.82, while 0 of the analysts out of 1 who provided ratings for Sequential Brands Group, Inc. stocks as a “buy” while 0 as overweight, 1 rated it as hold and 0 as sell. The average price we get from analysts is $0.30 which is -$0.22 below current price. SQBG currently has a short float of 5.67% and public float of 45.37M with average trading volume of 5.02M shares.
SQBG Market Performance
SQBG stocks went down by -1.61% for the week, with the monthly drop of -52.08% and a quarterly performance of 21.33%, while its annual performance rate touched -52.67%. The simple moving average for the period of the last 20 days is -9.41% for SQBG stocks with the simple moving average of -21.24% for the last 200 days.
Analysts’ Opinion on Sequential Brands Group, Inc. (NASDAQ:SQBG)
Many brokerage firms have already submitted their reports for SQBG stocks, with ROTH Capital repeating the rating for SQBG shares by setting it to “Neutral”. The predicted price for SQBG socks in the upcoming period according to ROTH Capital is $11 based on the research report published on November 13, 2017.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see SQBG stock at the price of $1.50, previously predicting the value of $6. The rating they have provided for SQBG stocks is “Hold” according to the report published on November 10, 2017.
FBR & Co. gave “Outperform” rating to SQBG stocks, setting the target price at $7 in the report published on July 11, 2017.
SQBG Stocks -2.00% Far from 50 Day Moving Average
After a stumble in the market that brought SQBG to its low price for the period of the last 52 weeks, Sequential Brands Group, Inc. was unable to take a rebound, for now settling with -65.63% of loss for the given period.
The stock volatility was left at 14.66%, however, within the period of a single month, the volatility rate increased by 9.33%, while the shares sank at the distance of -34.60% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +29.10% upper at the present time.
In the course of the last 5 trading sessions, SQBG went down by -1.61%, which changed the moving average for the period of 200 days to the total of -15.54% of losses for the stock in comparison to the 20-day moving average settled at $0.2366. In addition, Sequential Brands Group, Inc. saw -35.88% in overturn over the period of a single year with a tendency to cut further losses.
SQBG Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Sequential Brands Group, Inc. (SQBG), starting from PRESCOTT GROUP CAPITAL MANAGEM, who sold 4,377,078 shares at the price of $0.20 back on May 27. After this action, Rushing now owns 3,464,735 shares of Sequential Brands Group, Inc., valued at $867,987 with the latest closing price.
PRESCOTT GROUP CAPITAL MANAGEM, the 10% Owner of Sequential Brands Group, Inc., sold 575,234 shares at the value of $0.28 during a trade that took place back on May 07, which means that PRESCOTT GROUP CAPITAL MANAGEM is holding 7,841,813 shares at the value of $161,034 based on the most recent closing price.